INDUSINDBK
Indusind Bank Limited
Max pain for INDUSINDBK
14 Jan 2025 02:41 PM IST
Max Pain for INDUSINDBK is 980
Strike 720 has a total call value of 0 versus a total put value of 300,574,500,000 Combined total value = 300,574,500,000
Strike 730 has a total call value of 0 versus a total put value of 288,476,000,000 Combined total value = 288,476,000,000
Strike 740 has a total call value of 0 versus a total put value of 276,377,500,000 Combined total value = 276,377,500,000
Strike 750 has a total call value of 0 versus a total put value of 264,279,000,000 Combined total value = 264,279,000,000
Strike 760 has a total call value of 0 versus a total put value of 252,180,500,000 Combined total value = 252,180,500,000
Strike 770 has a total call value of 0 versus a total put value of 240,273,500,000 Combined total value = 240,273,500,000
Strike 780 has a total call value of 0 versus a total put value of 228,366,500,000 Combined total value = 228,366,500,000
Strike 790 has a total call value of 0 versus a total put value of 216,459,500,000 Combined total value = 216,459,500,000
Strike 800 has a total call value of 0 versus a total put value of 204,552,500,000 Combined total value = 204,552,500,000
Strike 810 has a total call value of 7,000,000 versus a total put value of 193,173,000,000 Combined total value = 193,180,000,000
Strike 820 has a total call value of 14,000,000 versus a total put value of 181,793,500,000 Combined total value = 181,807,500,000
Strike 830 has a total call value of 21,000,000 versus a total put value of 170,576,000,000 Combined total value = 170,597,000,000
Strike 840 has a total call value of 28,000,000 versus a total put value of 159,463,500,000 Combined total value = 159,491,500,000
Strike 850 has a total call value of 66,500,000 versus a total put value of 148,594,500,000 Combined total value = 148,661,000,000
Strike 860 has a total call value of 115,500,000 versus a total put value of 138,012,500,000 Combined total value = 138,128,000,000
Strike 870 has a total call value of 164,500,000 versus a total put value of 127,802,000,000 Combined total value = 127,966,500,000
Strike 880 has a total call value of 213,500,000 versus a total put value of 117,720,000,000 Combined total value = 117,933,500,000
Strike 890 has a total call value of 331,000,000 versus a total put value of 108,032,000,000 Combined total value = 108,363,000,000
Strike 900 has a total call value of 448,500,000 versus a total put value of 98,479,000,000 Combined total value = 98,927,500,000
Strike 910 has a total call value of 749,500,000 versus a total put value of 89,812,500,000 Combined total value = 90,562,000,000
Strike 920 has a total call value of 1,094,500,000 versus a total put value of 81,300,500,000 Combined total value = 82,395,000,000
Strike 930 has a total call value of 1,575,000,000 versus a total put value of 73,292,500,000 Combined total value = 74,867,500,000
Strike 940 has a total call value of 2,161,000,000 versus a total put value of 65,501,500,000 Combined total value = 67,662,500,000
Strike 950 has a total call value of 3,180,000,000 versus a total put value of 58,538,000,000 Combined total value = 61,718,000,000
Strike 960 has a total call value of 4,526,500,000 versus a total put value of 52,382,500,000 Combined total value = 56,909,000,000
Strike 970 has a total call value of 6,787,000,000 versus a total put value of 47,134,500,000 Combined total value = 53,921,500,000
Strike 980 has a total call value of 9,556,500,000 versus a total put value of 42,604,500,000 Combined total value = 52,161,000,000
Strike 990 has a total call value of 13,334,500,000 versus a total put value of 38,870,000,000 Combined total value = 52,204,500,000
Strike 1000 has a total call value of 17,977,500,000 versus a total put value of 35,341,500,000 Combined total value = 53,319,000,000
Strike 1010 has a total call value of 27,972,000,000 versus a total put value of 32,564,500,000 Combined total value = 60,536,500,000
Strike 1020 has a total call value of 38,738,000,000 versus a total put value of 29,882,000,000 Combined total value = 68,620,000,000
Strike 1030 has a total call value of 50,533,500,000 versus a total put value of 27,352,500,000 Combined total value = 77,886,000,000
Strike 1040 has a total call value of 62,727,500,000 versus a total put value of 24,918,000,000 Combined total value = 87,645,500,000
Strike 1050 has a total call value of 75,651,500,000 versus a total put value of 22,755,000,000 Combined total value = 98,406,500,000
Strike 1060 has a total call value of 89,073,500,000 versus a total put value of 20,686,000,000 Combined total value = 109,759,500,000
Strike 1070 has a total call value of 103,112,500,000 versus a total put value of 18,740,500,000 Combined total value = 121,853,000,000
Strike 1080 has a total call value of 117,373,500,000 versus a total put value of 16,795,000,000 Combined total value = 134,168,500,000
Strike 1090 has a total call value of 132,059,000,000 versus a total put value of 14,901,000,000 Combined total value = 146,960,000,000
Strike 1100 has a total call value of 146,848,000,000 versus a total put value of 13,007,000,000 Combined total value = 159,855,000,000
Strike 1110 has a total call value of 162,952,500,000 versus a total put value of 12,135,500,000 Combined total value = 175,088,000,000
Strike 1120 has a total call value of 179,057,000,000 versus a total put value of 11,264,000,000 Combined total value = 190,321,000,000
Strike 1130 has a total call value of 195,404,500,000 versus a total put value of 10,406,500,000 Combined total value = 205,811,000,000
Strike 1140 has a total call value of 211,752,000,000 versus a total put value of 9,549,000,000 Combined total value = 221,301,000,000
Strike 1150 has a total call value of 228,368,000,000 versus a total put value of 8,691,500,000 Combined total value = 237,059,500,000
Strike 1160 has a total call value of 244,984,000,000 versus a total put value of 7,834,000,000 Combined total value = 252,818,000,000
Strike 1170 has a total call value of 261,901,000,000 versus a total put value of 6,986,500,000 Combined total value = 268,887,500,000
Strike 1180 has a total call value of 278,818,000,000 versus a total put value of 6,139,000,000 Combined total value = 284,957,000,000
Strike 1190 has a total call value of 295,735,000,000 versus a total put value of 5,291,500,000 Combined total value = 301,026,500,000
Strike 1200 has a total call value of 312,652,000,000 versus a total put value of 4,444,000,000 Combined total value = 317,096,000,000
Strike 1210 has a total call value of 330,086,500,000 versus a total put value of 3,888,500,000 Combined total value = 333,975,000,000
Strike 1220 has a total call value of 347,521,000,000 versus a total put value of 3,333,000,000 Combined total value = 350,854,000,000
Strike 1230 has a total call value of 364,955,500,000 versus a total put value of 2,777,500,000 Combined total value = 367,733,000,000
Strike 1240 has a total call value of 382,390,000,000 versus a total put value of 2,222,000,000 Combined total value = 384,612,000,000
Strike 1250 has a total call value of 399,824,500,000 versus a total put value of 1,666,500,000 Combined total value = 401,491,000,000
Strike 1260 has a total call value of 417,259,000,000 versus a total put value of 1,111,000,000 Combined total value = 418,370,000,000
Strike 1270 has a total call value of 434,693,500,000 versus a total put value of 555,500,000 Combined total value = 435,249,000,000
Strike 1280 has a total call value of 452,128,000,000 versus a total put value of 0 Combined total value = 452,128,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409.1 | 420 |
| ABB | 6142 | 6600 |
| ABBOTINDIA | 28250.45 | 29000 |
| ABCAPITAL | 174 | 182.5 |
| ABFRL | 269.9 | 280 |
| ACC | 1946.6 | 2060 |
| ADANIENSOL | 773.95 | 780 |
| ADANIENT | 2387.95 | 2500 |
| ADANIGREEN | 1002.75 | 1000 |
| ADANIPORTS | 1121.05 | 1180 |
| ALKEM | 5260.6 | 5450 |
| AMBUJACEM | 515.5 | 550 |
| ANGELONE | 2385.25 | 2500 |
| APLAPOLLO | 1470.9 | 1520 |
| APOLLOHOSP | 6695.45 | 7050 |
| APOLLOTYRE | 452.15 | 470 |
| ASHOKLEY | 210.1 | 220 |
| ASIANPAINT | 2240.55 | 2320 |
| ASTRAL | 1492.75 | 1600 |
| ATGL | 678.5 | 680 |
| ATUL | 6732.65 | 6900 |
| AUBANK | 574.7 | 565 |
| AUROPHARMA | 1175.1 | 1220 |
| AXISBANK | 1053 | 1080 |
| BAJAJ-AUTO | 8613.95 | 8900 |
| BAJAJFINSV | 1707.6 | 1640 |
| BAJFINANCE | 7341.25 | 7200 |
| BALKRISIND | 2704 | 2800 |
| BANDHANBNK | 145.75 | 160 |
| BANKBARODA | 223.32 | 240 |
| BANKINDIA | 93.88 | 98 |
| BATAINDIA | 1342.85 | 1380 |
| BEL | 268.35 | 280 |
| BERGEPAINT | 462.35 | 460 |
| BHARATFORG | 1189.7 | 1260 |
| BHARTIARTL | 1598.7 | 1600 |
| BHEL | 195.83 | 220 |
| BIOCON | 386.9 | 375 |
| BOSCHLTD | 31604.35 | 33000 |
| BPCL | 269.9 | 280 |
| BRITANNIA | 4876.55 | 4850 |
| BSE | 5454.4 | 5300 |
| BSOFT | 533.6 | 560 |
| CAMS | 4241.95 | 4700 |
| CANBK | 93.03 | 98 |
| CANFINHOME | 664.75 | 700 |
| CDSL | 1570.65 | 1700 |
| CESC | 153.31 | 160 |
| CGPOWER | 635.55 | 660 |
| CHAMBLFERT | 473.15 | 490 |
| CHOLAFIN | 1270.45 | 1260 |
| CIPLA | 1445.4 | 1500 |
| COALINDIA | 368.5 | 385 |
| COFORGE | 8558.3 | 9000 |
| COLPAL | 2704 | 2780 |
| CONCOR | 758.85 | 780 |
| COROMANDEL | 1825.7 | 1880 |
| CROMPTON | 357.85 | 370 |
| CUB | 167.18 | 170 |
| CUMMINSIND | 2934.25 | 3150 |
| CYIENT | 1696.85 | 1720 |
| DABUR | 511.2 | 515 |
| DALBHARAT | 1726 | 1740 |
| DEEPAKNTR | 2337 | 2450 |
| DELHIVERY | 324.3 | 335 |
| DIVISLAB | 5965.05 | 5900 |
| DIXON | 16120.15 | 17000 |
| DLF | 721.9 | 770 |
| DMART | 3470 | 3700 |
| DRREDDY | 1336.55 | 1350 |
| EICHERMOT | 5008.05 | 5000 |
| ESCORTS | 3429.65 | 3300 |
| EXIDEIND | 381.7 | 410 |
| FEDERALBNK | 192.39 | 197.5 |
| GAIL | 175.37 | 190 |
| GLENMARK | 1513.7 | 1560 |
| GMRAIRPORT | 71.44 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.15 | 550 |
| GODREJCP | 1136.75 | 1140 |
| GODREJPROP | 2300 | 2500 |
| GRANULES | 587.25 | 590 |
| GRASIM | 2302.75 | 2480 |
| GUJGASLTD | 486.85 | 495 |
| HAL | 3818.55 | 4150 |
| HAVELLS | 1529.75 | 1600 |
| HCLTECH | 1824.3 | 1840 |
| HDFCAMC | 3906.55 | 3950 |
| HDFCBANK | 1646.45 | 1700 |
| HDFCLIFE | 600.6 | 620 |
| HEROMOTOCO | 4098.4 | 4200 |
| HFCL | 97.88 | 105 |
| HINDALCO | 590.95 | 600 |
| HINDCOPPER | 226.02 | 250 |
| HINDPETRO | 371.75 | 390 |
| HINDUNILVR | 2373.3 | 2400 |
| HUDCO | 214.2 | 220 |
| ICICIBANK | 1239.4 | 1270 |
| ICICIGI | 1824.95 | 1860 |
| ICICIPRULI | 639.25 | 660 |
| IDEA | 8.09 | 8 |
| IDFCFIRSTB | 61.97 | 63 |
| IEX | 166.65 | 177.5 |
| IGL | 411.7 | 410 |
| INDHOTEL | 774.85 | 800 |
| INDIAMART | 2240.45 | 2300 |
| INDIANB | 502.7 | 520 |
| INDIGO | 3992.1 | 4300 |
| INDUSINDBK | 965.25 | 980 |
| INDUSTOWER | 340.15 | 340 |
| INFY | 1942.1 | 1940 |
| IOC | 126.34 | 135 |
| IPCALAB | 1587.55 | 1640 |
| IRB | 51.09 | 55 |
| IRCTC | 757.3 | 790 |
| IRFC | 134.34 | 135 |
| ITC | 437 | 445 |
| JINDALSTEL | 910 | 940 |
| JIOFIN | 272 | 285 |
| JKCEMENT | 4376.4 | 4500 |
| JSL | 627.05 | 630 |
| JSWENERGY | 548.75 | 570 |
| JSWSTEEL | 906.1 | 920 |
| JUBLFOOD | 708.25 | 730 |
| KALYANKJIL | 601.3 | 640 |
| KEI | 4028.8 | 4200 |
| KOTAKBANK | 1757.95 | 1800 |
| KPITTECH | 1325.8 | 1400 |
| LALPATHLAB | 2807.85 | 2950 |
| LAURUSLABS | 566.3 | 590 |
| LICHSGFIN | 550.85 | 580 |
| LICI | 822.5 | 860 |
| LODHA | 1141.95 | 1240 |
| LT | 3459.4 | 3600 |
| LTF | 133.14 | 140 |
| LTIM | 5792 | 5800 |
| LTTS | 4712.95 | 4800 |
| LUPIN | 2151.3 | 2240 |
| M&M | 3054 | 3100 |
| M&MFIN | 265.85 | 270 |
| MANAPPURAM | 176.95 | 190 |
| MARICO | 659.5 | 660 |
| MARUTI | 11733.9 | 11600 |
| MAXHEALTH | 1082.25 | 1140 |
| MCX | 5696.95 | 6000 |
| METROPOLIS | 1873.55 | 2000 |
| MFSL | 1053 | 1100 |
| MGL | 1272.4 | 1280 |
| MOTHERSON | 145.13 | 155 |
| MPHASIS | 2777.15 | 2900 |
| MRF | 114322 | 118000 |
| MUTHOOTFIN | 2120.25 | 2140 |
| NATIONALUM | 198.2 | 210 |
| NAUKRI | 7490.1 | 8000 |
| NAVINFLUOR | 3620 | 3650 |
| NCC | 245.45 | 260 |
| NESTLEIND | 2222.2 | 2200 |
| NHPC | 76.74 | 78 |
| NMDC | 63.08 | 67 |
| NTPC | 309.5 | 320 |
| NYKAA | 165.05 | 167.5 |
| OBEROIRLTY | 1980.4 | 2140 |
| OFSS | 10720.05 | 11500 |
| OIL | 467.25 | 460 |
| ONGC | 259.95 | 257.5 |
| PAGEIND | 46369.95 | 47000 |
| PAYTM | 819.7 | 880 |
| PEL | 1023.2 | 1080 |
| PERSISTENT | 5881.2 | 6200 |
| PETRONET | 324.85 | 335 |
| PFC | 417.2 | 440 |
| PIDILITIND | 2807.8 | 2900 |
| PIIND | 3472.95 | 3600 |
| PNB | 97.78 | 102 |
| POLICYBZR | 1740 | 1900 |
| POLYCAB | 6424.95 | 6800 |
| POONAWALLA | 308.6 | 315 |
| POWERGRID | 290.45 | 305 |
| PRESTIGE | 1423.85 | 1550 |
| PVRINOX | 1085.9 | 1180 |
| RAMCOCEM | 883.45 | 930 |
| RBLBANK | 152.6 | 160 |
| RECLTD | 476.5 | 500 |
| RELIANCE | 1233.75 | 1250 |
| SAIL | 105.7 | 110 |
| SBICARD | 731.05 | 730 |
| SBILIFE | 1499 | 1440 |
| SBIN | 748.45 | 780 |
| SHREECEM | 25090 | 25750 |
| SHRIRAMFIN | 542.75 | 570 |
| SIEMENS | 5859.9 | 6200 |
| SJVN | 93.99 | 100 |
| SONACOMS | 565.7 | 580 |
| SRF | 2499.65 | 2560 |
| SUNPHARMA | 1767.25 | 1820 |
| SUNTV | 656.1 | 680 |
| SUPREMEIND | 4358.6 | 4500 |
| SYNGENE | 829 | 850 |
| TATACHEM | 966.05 | 1020 |
| TATACOMM | 1678.7 | 1740 |
| TATACONSUM | 961.8 | 950 |
| TATAELXSI | 6064.3 | 6200 |
| TATAMOTORS | 770.65 | 780 |
| TATAPOWER | 356.5 | 380 |
| TATASTEEL | 126.77 | 135 |
| TCS | 4242.85 | 4200 |
| TECHM | 1657.4 | 1680 |
| TIINDIA | 3301.3 | 3500 |
| TITAN | 3330.8 | 3400 |
| TORNTPHARM | 3244.7 | 3350 |
| TRENT | 6149.05 | 6700 |
| TVSMOTOR | 2234.25 | 2320 |
| UBL | 1962.5 | 2000 |
| ULTRACEMCO | 10493.3 | 11100 |
| UNIONBANK | 103.27 | 110 |
| UNITDSPR | 1407 | 1500 |
| UPL | 540.8 | 530 |
| VBL | 567.45 | 600 |
| VEDL | 430.45 | 450 |
| VOLTAS | 1637.7 | 1720 |
| WIPRO | 293.25 | 295 |
| YESBANK | 17.92 | 19 |
| ZOMATO | 234.6 | 250 |
| ZYDUSLIFE | 995.05 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
